E Split Corp T.ENS

Alternate Symbol(s): ENSPF | T.ENS.PR.A

The objective of the Class A shares is to provide holders with non-cumulative monthly cash distributions and the opportunity for capital appreciation through exposure to the portfolio. And The investment objectives for the preferred shares is to provide holders with fixed cumulative preferential quarterly cash distributions and return the original issue price of 10.00 Dollars to holders upon maturity. The Company has a portfolio comprised primarily of common shares of Enbridge Inc. Enbridge, a North American oil and gas pipeline, gas processing and natural gas distribution company the Enbridge Common Shares or the Portfolio and intends to purchase Enbridge Common Shares from time to time in the market or through participation in future public offerings by Enbridge. The Advisor believes that the Company offers investors an opportunity to gain exposure to Enbridge, one of the worlds largest energy infrastructure companies.

TSX:ENS - Post by User

E Split Corp > Started picking away again today

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Comment by WalterWhyon Dec 16, 2024 4:20pm

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Post# 36364965

RE:RE:RE:RE:Started picking away again today

Good on you for selling early, Experienced.

I did more converting of my ENS into ENB shares today. I like the idea of a discount to NAV, but when \ENS was trading at a premium to NAV, Middlefield was out to line their own pockets instead of looking out for unitholders (which is what doesn't sit well with me, and when I don't inherently trust management or a fund manager, then that's a sign that I should invest my hard-earned dollars with them).

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